Key Developments: Nevada Copper Corp (NEVDF.PK)

NEVDF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Nevada Copper Corp Closes $20 mln bridge loan facility
Tuesday, 26 Aug 2014 11:37am EDT 

Nevada Copper Corp:Announces that it has closed a $20 million bridge loan facility with Pala Investments Limited.Initial term of the facility is four months, with up to two additional two month extensions.Facility will be drawn in $5 million tranches.Annual interest rate is 10 pct and with a 2.7 pct arrangement fee payable during the initial term.Facility is secured against the company's assets, but is subordinate to the security granted in connection with the $200 million senior credit facility announced by the company on March 28, 2013.  Full Article

Nevada Copper Corp Closes $200 Million Loan Facility
Thursday, 28 Mar 2013 06:01pm EDT 

Nevada Copper Corp announced the closing of a $200 million senior secured loan facility (the Loan Facility) and copper concentrate off-take (the Concentrate Off-Take) agreement with RK Mine Finance (Red Kite). Proceeds from the Loan Facility will be used for construction of Nevada Copper's underground mining operation at its 100% owned Pumpkin Hollow copper project located near Yerington, Nevada.  Full Article

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